Business & Money | Monday 22 December, 2025 9:26 am

UAE innovative policies strengthen new, circular economy pathways

The United Arab Emirates continues to advance the new economy as a core pillar of sustainable economic growth, driven by innovation, advanced technology and the knowledge economy, contributing to economic diversification and enhanced competitiveness across sectors including artificial intelligence, ...

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Business & Money | Monday 22 December, 2025 9:20 am

Korea's exports log 6.8% on-year gain during first 20 days of December

The Republic of Korea's exports grew 6.8 percent from a year earlier in the first 20 days of this month, mainly on the back of strong global demand for semiconductors, according to data from the Korea Customs Service on Monday. Outbound shipments reached US$43 billion in the 1st to 20th...

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Technology & IT | Monday 22 December, 2025 9:02 am

SFD, Digital Cooperation Organization Sign MoU to Boost Digital Development Initiatives in Sustainable International Development

Riyadh today, a memorandum of understanding (MoU) to enhance cooperation and support digital development initiatives in sustainable international development.The MoU aims to strengthen cooperation between the two sides in a number of digital and development fields. It focuses on exchanging...

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Business & Money | Monday 22 December, 2025 8:59 am

Middle East M&A Activity Surges 260% Despite Market Volatility, Driven by Strategic Diversification and Digital Transformation

Middle Eastern mergers and acquisitions (M&A) have demonstrated remarkable resilience and strategic focus, with deal values surging 260% to $53 billion in the first nine months of 2025 compared to the same period last year. This exceptional growth comes despite experiencing its lowest levels...

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Business & Money | Monday 22 December, 2025 8:43 am

Cherry Trading secures SAR 250M credit facilities with Alinma Bank

Cherry Trading Co. signed today, Dec. 21, a Shariah-compliant credit facility deal worth SAR 250 million with Alinma Bank, according to a Tadawul filing. The three-year financing is covered by a promissory note and the assignment of proceeds. The loan will be utilized to purchase new...

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Business & Money | Monday 22 December, 2025 8:39 am

Eng. Ahmed bin Sulaiman Al Rajhi inaugurates the Entrepreneurship and Modern Business Practices Forum

His Excellency Eng. Ahmed bin Sulaiman Al Rajhi, the Minister of Human Resources and Social Development and Chairman of the Board of Directors of the Social Development Bank (SDB), inaugurated the second edition of the Entrepreneurship and Modern Business Practices Forum (DeveGo 2025), organized by ...

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Business & Money | Monday 22 December, 2025 8:11 am

Lucid to transition from assembly to full vehicle manufacturing in Saudi Arabia: ME President

Lucid Motors currently has between seven and eight completed buildings in Saudi Arabia, laying the groundwork for the next phase: transitioning from vehicle assembly to a full production unit where cars are produced entirely within the Kingdom for export purposes, said Faisal Sultan, President of...

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Business & Money | Monday 22 December, 2025 8:04 am

Care signs SAR 392M contract for hospital works in Al Narjis district

National Medical Care Co. (Care) signed today, Dec. 21, a contract with BEC Arabia Contracting Co. to execute mechanical, electrical, and plumbing (MEP) works, as well as finishing works, for the first phase of the Care Medical Hospital project in the Al-Narjis district, Riyadh. In a...

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Business & Money | Monday 22 December, 2025 8:01 am

Rawasi Albina signs MoU with Chinese firm to develop cabin manufacturing tech

Nomu-listed Rawasi Albina Investment Co. signed today, Dec. 21, a memorandum of understanding (MoU) with China-based Ningbo Spring System Integration Co. to strengthen cooperation in providing infrastructure business solutions across key sectors, including telecommunications, electricity, and...

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Business & Money | Sunday 21 December, 2025 11:44 am

RAKEZ signs strategic MoU with Russia-UAE Business Council to strengthen bilateral trade and investment cooperation

Ras Al Khaimah Economic Zone (RAKEZ) has signed a strategic Memorandum of Understanding (MoU) with the Russia-UAE Business Council (RUBC) to strengthen cooperation, expand bilateral trade and support long-term partnerships between businesses in Russia and the UAE. The agreement was formalised...

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